<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp"/></p>
<p>今天，5 月 18 日，發生了一場加密貨幣崩盤，比特幣領跌，伴隨着清算和債券收益率的上升。比特幣價格跌至 76,500 美元，為三週以來的最低水平。</p>
<p>大多數山寨幣處於下跌狀態，比特幣現金（BCH）下跌 7.30%，而 Terra Luna Classic（LUNC）、Pi Network（PI）和 World Liberty Finance（WLFI）則暴跌超過 5%。所有幣種的市場總市值下降了 1.36%，降至 2.56 萬億美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png"/></p>
<p><em>加密市場今天回調 | 來源：CMC</em></p>
<h2>加密崩盤引發高額清算</h2>
<p>持續的加密市場崩盤引發了清算激增，許多交易者措手不及。過去 24 小時內，清算金額躍升 42%，達到 6.61 億美元。</p>
<p>在過去 24 小時內，價值超過 2.57 億美元的以太坊頭寸被清算。同樣，價值超過 1.82 億美元的比特幣頭寸在同一時期被抹去。其他被清算的主要幣種包括 Solana（SOL）、Ripple（XRP）和比特幣現金。</p>
<p>加密清算發生在高槓杆交易遭受重大損失時，迫使加密交易所關閉這些交易。這種拋售通常會導致更多壓力，從而拉低價格。</p>
<p>交易者對去年 10 月 10 日發生的事件記憶猶新，當時超過 160 萬名交易者遭受了 200 億美元的損失。確實，分析師認為這是比特幣和大多數山寨幣掙扎的主要原因之一。</p>
<h2>全球債券收益率飆升影響加密價格</h2>
<p>加密市場崩盤也發生在全球債券收益率上升之際。在日本，債券收益率持續上升，目前已達到多年來的最高水平。</p>
<p>美國的情況也是如此，收益率今天繼續上升。數據顯示，30 年期收益率躍升至 5.1%，而 2 年期和 10 年期分別上升至 4.1% 和 4.6%。</p>
<p>全球債券收益率飆升是由於原油價格上漲，布倫特原油和西德克薩斯中質原油（WTI）分別上漲至 113 美元和 110 美元。</p>
<p>人們擔心這種上漲在短期內將繼續，因為美聯儲在未來幾個月加息的可能性增加。數據顯示，消費者價格指數（CPI）上漲至 3.8%，生產者價格指數（PPI）飆升至 6.0%。</p>
<p>在高利率環境下，比特幣和其他山寨幣往往表現不佳。股市也是如此，亞洲股指大幅下跌。美國股市期貨也持續下跌。</p>
<h2>比特幣和以太坊 ETF 資金流出</h2>
<p>加密市場崩盤也發生在比特幣和以太坊 ETF 資金流出激增之際。SoSoValue 彙編的數據表明，現貨比特幣 ETF 上週流出超過 10 億美元。</p>
<p>以太坊的情況也是如此，其資金連續六天流出資產。上週損失超過 2.55 億美元，使得本月的資金流出總額超過 8300 萬美元。</p>
<p>比特幣和以太坊 ETF 資金流出的減少意味着需求在下降。這也意味着投資者在近期獲利後選擇了兑現。</p>
<p>展望未來，加密市場將對唐納德·特朗普是否決定再次對伊朗發起攻擊做出反應。它還將對即將發佈的 FOMC 會議紀要做出反應，這將提供更多關於經濟狀況的信息。</p>
<p>該文章的標題為《加密崩盤：為什麼比特幣現金、LUNC、Pi Network、WLFI 在下跌？》，首次發佈於 Invezz。</p>

CRCL

GBTC

RIOT

<p>5 月 18 日，發生了一次重大加密貨幣崩盤，比特幣跌至 76,500 美元，為三週以來的最低點。比特幣現金下跌 7.30%，而 LUNC、Pi Network 和 WLFI 均下跌超過 5%。市場總市值下降 1.36%，至 2.56 萬億美元，清算金額激增 42%，達到 6.61 億美元。全球債券收益率上升以及比特幣和以太坊的 ETF 資金流出加劇了這一下跌，交易者對經濟壓力和獲利了結作出反應</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp"/></p>
<p>A crypto crash is happening today, May 18, with Bitcoin leading the charge, amid rising liquidations and bond yields. Bitcoin price dropped to $76,500, its lowest level in three weeks.</p>
<div class="lb-trans"><p>今天，5 月 18 日，發生了一場加密貨幣崩盤，比特幣領跌，伴隨着清算和債券收益率的上升。比特幣價格跌至 76,500 美元，為三週以來的最低水平。</p>
</div><p>Most altcoins were in the red, with Bitcoin Cash (BCH) falling by 7.30% and Terra Luna Classic (LUNC), Pi Network (PI), and World Liberty Finance (WLFI) plunging by over 5%. The market capitalization of all coins dropped by 1.36% to $2.56 trillion.</p>
<div class="lb-trans"><p>大多數山寨幣處於下跌狀態，比特幣現金（BCH）下跌 7.30%，而 Terra Luna Classic（LUNC）、Pi Network（PI）和 World Liberty Finance（WLFI）則暴跌超過 5%。所有幣種的市場總市值下降了 1.36%，降至 2.56 萬億美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png"/></p>
<p><em>Crypto market pulled back today | Source: CMC</em></p>
<div class="lb-trans"><p><em>加密市場今天回調 | 來源：CMC</em></p>
</div><h2>Crypto crash triggers leads high liquidations</h2>
<div class="lb-trans"><h2>加密崩盤引發高額清算</h2>
</div><p>The ongoing crypto market crash has triggered a surge in liquidations as many traders have been caught off guard. Liquidations jumped by 42% in the last 24 hours to $661 million.</p>
<div class="lb-trans"><p>持續的加密市場崩盤引發了清算激增，許多交易者措手不及。過去 24 小時內，清算金額躍升 42%，達到 6.61 億美元。</p>
</div><p>Ethereum positions worth over $257 million were liquidated in the last 24 hours. Similarly, Bitcoin liquidations worth over $182 million were wiped out in the same period. Some of the other most liquidated coins were Solana (SOL), Ripple (XRP), and Bitcoin Cash.</p>
<div class="lb-trans"><p>在過去 24 小時內，價值超過 2.57 億美元的以太坊頭寸被清算。同樣，價值超過 1.82 億美元的比特幣頭寸在同一時期被抹去。其他被清算的主要幣種包括 Solana（SOL）、Ripple（XRP）和比特幣現金。</p>
</div><p>Crypto liquidations happen when highly leveraged trades make substantial losses, pushing crypto exchanges to shut them. This selling normally leads to more pressure, which drags prices lower.</p>
<div class="lb-trans"><p>加密清算發生在高槓杆交易遭受重大損失時，迫使加密交易所關閉這些交易。這種拋售通常會導致更多壓力，從而拉低價格。</p>
</div><p>Traders have strong memories of what happened on October 10 last year when over 1.6 million traders suffered $20 billion in losses. Indeed, analysts believe that this is one of the top reasons why Bitcoin and most altcoins have struggled.</p>
<div class="lb-trans"><p>交易者對去年 10 月 10 日發生的事件記憶猶新，當時超過 160 萬名交易者遭受了 200 億美元的損失。確實，分析師認為這是比特幣和大多數山寨幣掙扎的主要原因之一。</p>
</div><h2>Soaring global bond yields is affecting crypto prices</h2>
<div class="lb-trans"><h2>全球債券收益率飆升影響加密價格</h2>
</div><p>The crypto market crash is also happening as global bond yields jump. In Japan, bond yields have continued moving upwards and are now at the highest level in years.</p>
<div class="lb-trans"><p>加密市場崩盤也發生在全球債券收益率上升之際。在日本，債券收益率持續上升，目前已達到多年來的最高水平。</p>
</div><p>The same is happening is the United States, where yields continued rising today. Data shows that the 30-year yield jumped to 5.1%, while the 2-year and 10-year moved to 4.1% and 4.6%, respectively.</p>
<div class="lb-trans"><p>美國的情況也是如此，收益率今天繼續上升。數據顯示，30 年期收益率躍升至 5.1%，而 2 年期和 10 年期分別上升至 4.1% 和 4.6%。</p>
</div><p>Global bond yields have soared because of the rising crude oil prices <strong>,</strong> with Brent and the West Texas Intermediate (WTI) rising to $113 and $110, respectively.</p>
<div class="lb-trans"><p>全球債券收益率飆升是由於原油價格上漲，布倫特原油和西德克薩斯中質原油（WTI）分別上漲至 113 美元和 110 美元。</p>
</div><p>There are fears that this surge will continue in the near term as odds that the Federal Reserve will hike interest rates in the coming months. For one, data showed that the headline consumer price index jumped to 3.8% and the producer price index soared to 6.0%.</p>
<div class="lb-trans"><p>人們擔心這種上漲在短期內將繼續，因為美聯儲在未來幾個月加息的可能性增加。數據顯示，消費者價格指數（CPI）上漲至 3.8%，生產者價格指數（PPI）飆升至 6.0%。</p>
</div><p>Bitcoin and other altcoins tend to underperform the market in high interest rates environment. The same is happening in the stock market, with Asian indices falling sharply. US stock market futures have also continued falling.</p>
<div class="lb-trans"><p>在高利率環境下，比特幣和其他山寨幣往往表現不佳。股市也是如此，亞洲股指大幅下跌。美國股市期貨也持續下跌。</p>
</div><h2>Bitcoin and Ethereum ETF outflows</h2>
<div class="lb-trans"><h2>比特幣和以太坊 ETF 資金流出</h2>
</div><p>The crypto market crash is also happening as Bitcoin and Ethereum ETF outflows jump. Data compiled by SoSoValue shows that the spot Bitcoin ETFs shed over $1 billion last week.</p>
<div class="lb-trans"><p>加密市場崩盤也發生在比特幣和以太坊 ETF 資金流出激增之際。SoSoValue 彙編的數據表明，現貨比特幣 ETF 上週流出超過 10 億美元。</p>
</div><p>The same happened with Ethereum, whose funds shed asset for six consecutive days. They lost over $255 million last week, bringing the monthly outflows to over $83 million.</p>
<div class="lb-trans"><p>以太坊的情況也是如此，其資金連續六天流出資產。上週損失超過 2.55 億美元，使得本月的資金流出總額超過 8300 萬美元。</p>
</div><p>Falling Bitcoin and Ethereum ETF outflows mean that demand is falling. It also means that investors are booking profits after the recent gains.</p>
<div class="lb-trans"><p>比特幣和以太坊 ETF 資金流出的減少意味着需求在下降。這也意味着投資者在近期獲利後選擇了兑現。</p>
</div><p>Looking ahead, the crypto market will react to Donald Trump’s decision on whether to launch another attack against Iran. It will also react to the upcoming FOMC minutes, which will provide more color on the state of the economy.</p>
<div class="lb-trans"><p>展望未來，加密市場將對唐納德·特朗普是否決定再次對伊朗發起攻擊做出反應。它還將對即將發佈的 FOMC 會議紀要做出反應，這將提供更多關於經濟狀況的信息。</p>
</div><p>The post Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down? appeared first on Invezz</p>
<div class="lb-trans"><p>該文章的標題為《加密崩盤：為什麼比特幣現金、LUNC、Pi Network、WLFI 在下跌？》，首次發佈於 Invezz。</p>
</div>

Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down?

- 5 月 18 日，加密貨幣市場崩盤， 比特幣跌至新低 76,500 美元。  
- 清算金額在 24 小時內激增 42%，達到 6.61 億美元。  
- 全球債券收益率上升，加劇加密市場壓力，ETF 資金流出超過 10 億美元。

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Circle

Grayscale Bitcoin Trust BTC - ETF

Riot Platforms

Galaxy Digital

Coinbase

Grayscale Ethereum Staking ETF

Marathon Digital

納斯達克 NexGen 經濟 ETF - Reality Shares

ARK 21Shares Bitcoin ETF

ProShares Bitcoin Strategy ETF

Valkyrie Bitcoin and Ether Strategy ETF

Grayscale Ethereum Mini Staking ETF

1 倍做空加密貨幣行業 ETF - Direxion

區塊鏈 ETF - Amplify

WisdomTree Bitcoin Fund

VanEck Ethereum ETF

Franklin Ethereum ETF

Invesco Galaxy Ethereum ETF

IShares Ethereum Trust ETF

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Fidelity Ethereum Fund

Invesco Galaxy Bitcoin ETF

iShares Bitcoin Trust ETF

2 倍做多加密貨幣行業 ETF - Direxion

21Shares Ethereum ETF

COIN 周收益 ETF - Roundhill

VanEck Bitcoin ETF

Grayscale Solana Staking ETF

Bitwise Ethereum ETF

Fidelity Wise Origin Bitcoin Fund - ETF

CoinShares Bitcoin ETF

2 倍做多 Riot ETF - Defiance

Bitwise Bitcoin ETF

Proshares Ether Strategy ETF

加密貨幣市場崩盤：為什麼比特幣現金、LUNC、Pi Network 和 WLFI 正在下跌？